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20100131
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PBS
Jan 6, 2010 7:00pm EST
. this is my moment to step aside. >> tom: chris dodd, one of washington's most powerful voices is leaving the senate, raising questions about the future of financial regulatory reform. >> susie: but meredith whitney, one of wall street's most powerful voices says dodd's departure won't silence calls for banking reform. you're watching "nightly business report" for wednesday, january 6. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt >> tom: good evening, susie. good evening, everyone. so the man leading the charge in the u.s. senate to reform the nation's financial system is leaving capitol hill at the end of the year. >> susie: tom, that was a hot topic even outside washington. connecticut's democratic senator chris dodd said today he will not run for another term, a decision that could have big implications for financial reform. >> tom: dodd chairs the powerful senate banking committee, which is in the midst of re-writing the rules for wall street. as stephani
PBS
Jan 29, 2010 7:00pm EST
. darren gersh, "nightly business report", washington. >> tom: here are the stories in tonight's "nbr newswheel". so much for wall street's early gains on that strong g.d.p. number. stocks turned south at midday on worries the pace of economic growth can't stay that high. commodity and tech stocks were hit hard. the dow fell 53 points, the nasdaq dropped 31, and the s&p 500 was down ten. a closer look coming up in "market focus". toyota says a fix is coming soon. next week, the automaker plans to tell millions of customers how it will fix their gas pedals. the associated press reports toyota is shipping new gas pedal assemblies to its plants to get production rolling again. honda, the other big japanese carmaker, is recalling the honda fit for a potential fire hazard. nearly 650,000 of the compact cars are at risk around the world. the motor on the power windows could overheat and catch fire. and tesla motors, a boutique maker of electric sportscars, wants to go mainstream. late today it filed for a $100 million initial public offering. it will use the money to develop its brand. >> s
PBS
Jan 13, 2010 7:00pm EST
. as darren gersh reports, the bankers face angry americans and pressure from washington. >> reporter: after bailing out the bankers in 2008 and 2009, washington is beginning 2010 by attacking them. phil angelides, the chairman of the crisis commission, tried to pin down the c.e.o.s of the nation's big banks, holding them responsible for their actions in the financial meltdown. beginning with a goldman sachs strategy of betting against mortgage securities it was selling to clients. that touched off a spirited exchange. >> it sounds little bit to me like selling a car with faulty brakes and then buying an insurance policy on the buyers of those cars. it just doesn't seem to me that is a practice that inspires confidence. >> every purchaser of an asset here is an institution probably professional only investors dedicated to this business. >> representing pension funds who have the life savings of police officers, teachers. >> these are the professional investors who want this exposure. >> reporter: blankfein argued wall street was mostly a middle man helping to package and sell securities that
WETA
Jan 21, 2010 12:30am EST
lks grim. >> susie: tom, the day aft a big republican senatwin in massachuses, washington re- thin the push for a comprehensive overhaul. >> t: our coverage tonight begins with that sate health care bill. as darren gersh reports, eve democratic lawmars are pushing to slodown now that voters in e deepest of the blue states e seeing red. >> reporter:sked point blank if he would stick by the sate health carbill, senate majorityeader harry reid emed to blink. >> i am confidenthat health care is an iss in this country and we are going to everything we can tolleviate e pain and suffering of peop who cat afford health care and who want tmaintain what they ve. >> reporter: reid anpresident obama agreed they would noact until the man who signs autographs a"number 41" actually takes office. for s part, massachusetts senator-elect scott own, argues it is timto start over. >>t's just a question of whether we are going traise taxes, we're going to cut half a trillion from medicare, wee going to affect terans care. i think we can do better. >> rorter: in an interview with abc new the president s
PBS
Jan 14, 2010 7:00pm EST
that will be tough to vote against in an election year. darren gersh, "nightly business report", washington. >> susie: also in washington, more tough questions for the key players in the financial crisis. the financial crisis inquiry commission called in today top regulators to explain what caused the meltdown in the nation's financial system. their testimony came a day after the c.e.o.s of nation's biggest banks admitted to the commission the mistakes they made that contributed to the crisis. in the hot seat today, the attorney general, the head of the securities and exchange commission and the top banking regulator. f.d.i.c. chair sheila bair told the panel regulating wall street's big banks isn't easy. >> somebody has to take away the punch bowl, and it can be very difficult to take away the punch bowl when, you know, people are making money at it now. but i think going forward, this is a key lesson learned. >> tom: now, the man who is running those hearings joins us. phil angelides, chairman of the financial crisis inquiry commission. mister angelides welcome back to n.b.r. >> good to be with you
PBS
Jan 21, 2010 7:00pm EST
. >> tom: the move hits financial stocks and the rest of the market. coming up, reaction from washington to wall street. you're watching "nightly business report" for thursday, january 21. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program was made possible by contributions to your pbs station from viewers like you. thank you. >> susie: good evening everyone. president obama proposed today tough new rules on the nation's biggest banks, restricting their size and their activities. tom, he said the plan would limit quote "reckless risks". >> tom: susie, that announcement from the president in washington reverberated on wall street. investors dumped stocks; the dow tumbled 213 points and the nasdaq lost 25, putting both indices into negative territory for the year. >> susie: the core concern is that the obama plan forces banks to choose commercial banking or investment banking. they can't do both. washington bureau chief darren gersh explains. >> reporter: the president said he was naming his new banking rules afte
WETA
Jan 6, 2010 6:30pm EST
topic even outde washington. connecticut's democratic sator chris dodd sd today he will not n for another term, a decision that could ve big plications for financial refo. >> tom: dd chairs the powerful nate banking committee, whic is in the midst of re-writin the rules for wa street. as stephanie dhue report dodd's decision call it quits cos after a year that threw his political futurento question. >> reporte outside his connecticut home, senatododd maden apology of sorts. >> there have been times whemy positionand actions have caused some of you tquestion at confidence. i regr that. >> rorter: questions about his ties to the finaial services industry have doed dodd in his re-election effo. dd had a mortgage through countrywide's i.p. program and helso played a role in proving the payment of a.i.g bonuses. but dodd sayhe still has work to do. >> my service is not or. i still have oneear left on my ntract with the people of connecticut. one year from this wk, our state will have a new nator. in the meante, we have important work to do. >> reporter: dodd has be a champion for
WETA
Jan 7, 2010 12:30am EST
, that was a ho topic even outsi washington. connecticut's democratic senor chris dodd saitoday he will not rufor another term, a decision that could ha big imications for financial reform >> tom: do chairs the powerful sete banking committee, which is in the midst of re-writing the rules for walltreet. as stephanie dhue reports, dodd's decision toall it quits comeafter a year that threw his political future io question. >> reporter:utside his connecticut home, senator dd made aapology of sorts. there have been times when positions d actions have caused some of you to estion th confidence. i regrethat. >> repter: questions about his ties to the financl services dustry have dogg dodd in his re-election effort do had a mortgage through countrywide's v.p. program and he ao played a role in apoving the payment of a.i.g. bonuses. but dodd says still has work to do. >> my service is not ove i still have one yr left on my coract with the people of connecticut. one year from this wee our state will have a new setor. in the meantim we have important work to do. >> reporter: dodd has been champion for a n
PBS
Dec 31, 2009 7:00pm EST
appraiser don boucher has tracked areas in the distant suburbs of washington, d.c. and seen large numbers of foreclosures. but few of those properties have gone up for sale. he says this shadow inventory could trip up hard-hit neighborhoods that appeared to be stabilizing. >> there's all this shadow foreclosure inventory out there and it hasn't come on the market yet. if at some point in time, the lenders do put that inventory back into the market, then those price bumps, are just going to go back down till the additional inventory is absorbed. it's the classic supply and demand situation. >> reporter: many economists believe it could take a couple of years before the supply demand balance returns to normal for the housing market. for 2010, that means another tough year for sellers and a good year for bargain hunters. stephanie dhue, "nightly business report," washington. >> paul: with the housing market likely to remain under pressure, construction jobs-- both residential and commercial-- will still be hard to find in the coming year. the construction industry has lost over 1.5 million p
PBS
Jan 25, 2010 7:00pm EST
try to deal with facts have so little respect for washington which seems to deal mostly with emotions. my problem with bernanke is he's too much of an academic and too open about the fed's warnings so politicians and markets are losing respect for the fed. i've said since 2007 that the fed has been way too nice to wall street. but we need to remember something. if bernanke and the fed hadn't bailed out the financial , the great depression wouldn't be history. it would be current events. we have millions more unemployed. people's retirement accounts wiped out. house prices in the toilet. look, even a non-fan like me could see that bernanke cares a lot about main street. he spent his career studying the great depression trying to make sure we don't have a second one. he, better than anyone, knows how much main street would be hurt if we had a rerun. he's the same guy he was a few months ago. when washington loved him for saving the financial system. if you liked him then, you should like him now. so let's hope the senate acts like grown-ups and confirms him. we've already got big econom
PBS
Jan 12, 2010 7:00pm EST
one? susie, those will be the key questions in washington tomorrow. >> susie: tom, there's sure to be a lot of finger pointing. now a new panel will try to figure out what brought the american financial system to the brink of collapse. >> tom: it's the financial crisis inquiry commission. and for its first meeting, the heads of the nation's biggest banks have been called to explain what they did and didn't do. here's darren gersh with a preview of what to expect. >> reporter: what more could they say? big bank c.e.o.s have been dragged before congress. they have been summoned to the white house. now, economist simon johnson says the crisis commission should find out whether these lords of finance have really learned anything. >> the perception that we've had, somewhat from a distance is that they remain very arrogant, they don't recognize the mistakes that they've made and they don't understand the nature of dangerous power which they have accumulated. >> reporter: to understand that power, johnson and other observers say, the panel must get down into the nitty gritty of decisio
PBS
Jan 18, 2010 7:00pm EST
. >> some in washington say when it comes to jobs: go slow, take half steps. these voices are harming millions of unemployed americans and their families, but they are also jeopardizing our economic recovery. business groups want lower taxes, more free trade, and easier access to loans wouldn't hurt. but the biggest help might be relieving wh tom donahue of the chamber of commerce calls the uncertainties plaguing job creators. >> tcreate and sustain jobs, we think we have to take this uncertainty away. uncertainty about taxes, uncertainty about... about unions, uncertainty about the availability of capital, uncertainty about the costs associated with climate and healthcare, and all of that. >> reporter: and the presidents allies are weighing in. black caucus chair barbara lee says more must be done to bring down unemployment rates for african americans, which were higher than 15% for much of last year. >> we actually, in the jobs bill, of course, focused on areas of need-- high economic impact areas, areas that have high rates of poverty, and we got what we could get given the politic
WETA
Jan 1, 2010 6:30pm EST
and se unemployment soaring into the double-gits. >> tom: but then washington stepped in with a stimulus ogram, andigns of economic recovery emerged. stocks took ofon wall street, and demandor gold heated u taking its price to new hehts. >> sus: so what can instors expect in e new year? we'll look aad in this special prram. >> this is a special edion of "night business report": with susie ghari tom hudson "nightly business report" is made possible .... this program is ma possible byontributions to your pbs statn from viewers like you. thk you. caioning sponsored by wpbt >> sus: good evening everyone, and happy new year. the financial markets celebred the stt of 2010 by taking the day off. so tonight, we'll taketock of where the markets d the econy have gone over the past year and where themay be aded in the coming year. tom. >>om: susie, we've just emerged from one of the wors dedes ever for stockholders-- a peod that's being called the "lost decade." that'secause the dow jones industrial average, andard and poor's 500 and other mart indices tually lost ground over the past ten years-- c
WETA
Jan 7, 2010 6:30pm EST
later. ich is why burnette is lobbying washington. >> we need to ke sure that if you argoing to cut reimbursement, that the yments where people are goi to start having insurance arehere first. don't do onend then bring the other one in, because we mayot be here by the time people he insurance. >> reporter: comnity memorial hethcenter is not only a crical health care provider, its also one of the largest employers in south central virginia. that combination gives ts hospital and others ke it acro the country political clout. using that clout is rich umbdenstock's job. heeads up the american hospital association. >> our top priority is covere. >> reporter: coverage th starts sooner ancovers more peop. the hoe reform bill would ver 96% of the country, the senate 94%. to hospitals that is a difference of 8 miion potential paents. >> that's a significant mber of people, pticularly if you are a provider ian area, in a community market area that has a gh percentage of compensated care already. >> reporte but if hospitals get more revenue, it has to me from somewhere and businesse worry th
WETA
Jan 12, 2010 6:30pm EST
asked foher advice, gorelick suggested they do sothing washington rarely does these days: build bipartisan consensus based what actually happened. >> i would really hope thaone of the thingthat this commsion could learn from us is to spend time together ally rking on the facts and that will, in and of itself breedn environment in wch one can come to coensus. >> reporter: gorelicsays, if republicans and democrats ca spend a year examing the financial cris and agree on what happened d why, that coulhelp restore some of the confidence that'been lost in our government and our marts. darren gersh, "nightly busins port", washington. >> susie: the tion's banking gulator says high pay and bonusecould lead to u.s. banks paying higher inrance premiums. the propos got a national umbs up, but still has a long way to go a the agenc wants to hr from the fun about the idea. it know of americans are outraged over huge pay days, for taki huge risk in the financial services indtry. >> tom: a stiff selloffn alcoshares led wall seet lor, but it closed off the worst levels othe day. the dofell 36 p
WETA
Jan 13, 2010 12:30am EST
of the financial commsion have asked for her advice, gorelick suggested they dsomething washington rarely does tse da: build a partisan consensus based onhat actually happened. >> i would really hope that e of the things at this commison could learn from us is to spend time together rely woing on the facts and that ll, in and of itself breed a environment in whi one can come to conssus. >> reporter: gorelick ys, if publicans and democrats can spend a year examini the financial crisisnd agree on what happened anwhy, that could lp restore some of the confidence that's en lost in our government and our marke. rren gersh, "nightly busines rert", washington. >> susie: the naon's banking relator says high pay and bonuses uld lead to u.s. banks paying higher insunce premiums. the proposalot a national thbs up, but still has long way to go and the agency wants to heafrom the fun about the idea. it know ofs americans are outraged over huge pay days for taking huge risk in the financial services indusy. >> tom: a stiff selloff i alcoa ares led wall strt lowe but it closed off the worst levels of e day. thdo
WETA
Jan 14, 2010 6:30pm EST
in washington, more tough questions f the key ayers in the financial crisis. the financial cris inquiry commission cald in today top regulars to explain what caused the meltdown in t nation's financial syste theitestimony came a day after e c.e.o.s of nation's bigges banks admied to the commission the mistakes they de that contributed the crisis. in the hot seat toy, the attorney general, thhead of the securities andxchange commission andhe top banking regular. f.d.i.c. chair shea bair told the panel regulang wall street's big banks isn'tasy. >> somebody s to take away the punch bowl, and it cane very difficult to take away t punch bowl when, you kno people are making moneyt it now. bui think going forward, this is a key lesson lened. >> tom: now, the manho is ruing those hearings joins us. ph angelides, chairman of the financial cris inquiry commission. mister angelides wcome back to n.b.r. >> good to be with you tonight. >>oday you said you would subpoena the crent federal reserve chairmanen bernanke, pastchairman alan greensn and past chair of the securities and exchanges commission
PBS
Jan 19, 2010 7:00pm EST
the obama administration and washington lawmakers approve a new stimulus. where would that put the unemployment rate by the end of this year, what would be the number? >> if they pumped in money right away and they pumped in enough money, we could probably get the unemployment rate down to 9, 8. hard given where we are to get it grower than that in the next 12 months. >> susie: what if we don't get the stimulus, what's the risk to the economy? >> the risk is that we will have a double dip. souz a double dip recession? >> a double dip recession, or something close to that. that is to say we start to gr, but it's not likely under the current scenario we'll be able to maintain that growth. and even that growth is not fast enough to create enough jobs to bring us back to normal in any time soon. >> susie: what are the chances of another recession and how long and how severe could it be? >> some people in the obama administration have said the recession is over, and in a technical sense that may be right. but in terms of where most americans feel, it's not over. but for most people
WETA
Jan 25, 2010 6:30pm EST
for washington which seems to deal mostly with emotions. my pblem with bernanke is he's too much of an academic and to open about the d's waings so politicians and rkets are ling respect for the fe ve said since 2007 that the fed has been way t nice to wall street. but we need to remember something. if bernankend the fe hadn't bailed o the financial , the great depression wouldn't behistory. it wld be current events. we he mlions more employed. people's retiment accounts wiped out. house prices in the toilet. look, even a non-falike me could see that bernanke ces a lo about main stre. he spentis career studying the great depressn trying to make sure we don'tave a second one. he, bette than anyone, knows how mu mai street would be hurt iwe had a run. he's the same guy he wasa few months ago. when washingtonoved him for ving the financial system. if you likedhim then, y should like him now. so let's hope e senate acts like grown-u and confirms him. 've already got big ecomic problems and jittery mkets. the last thing we nee on top of that is a criled fed. i'm allan oan. >> susie: fally tonight, u
WETA
Jan 5, 2010 6:30pm EST
is lily to be fairly small, limiting taxpar losses. darren gsh, "nightly business report," washington. >> tom: still ahead: as mutual fund investorsrap up a lo decade, "u.s.a. today's" john wgoner joins us with some investing rategies for you for the new year. >> susie: to the dow was the only stock index ending the red today. what on tap in tonight's "market focus." >> tom: susi we'll look at the best pforming stock in the dow today. al, airline stocks take off, and another day of bing the house wi some casino stocks. krafstock is at its highest price tonighsince the company madets first offer to buy british candy company caury back in septber. kraft was the biggest percenge gainer of the dow 30, thks to warren buftt. buffet put the kibosh kraft's plans to buy cadbury with ock, and buffett has a bifoot. his berkshire haaway owns about 138 llion shares of kraft, a he does not want those holdings dilut. anwhile, cabdury is at its lowest price since kraft launched itsust-under $17 biion dollar takeover offer. it's still fending o potential ds from hershey and italian company ferr. fin
WETA
Jan 6, 2010 12:30am EST
, limiting taxyer losses. darrenersh, "nightly business report," washington. >> tom: still ahea as mutual fund investo wrap up a st decade, "u.s.a. today's" johnaggoner joins us with some investinstrategies for you for the new year. >> susie: tom, t dow was the only stock index ending in t red today. what's otap in tonight's arket focus." >> tom: sue, we'll look at the besterforming stock in the dow today. so, airline stocks take off, and another day ofuying the house th some casino stocks. krt stock is at its highest price tonit since the company ma its first offer to buy british candy company dbury back in seember. kraft was the biggest perctage gainer of the dow 30, anks to warren bfett. buffet put the kiboson kraft's plans to buy cadbury witstock, and buffett has a g foot. his berkshire thaway owns about 13million shares of kraft,nd he does not want those holdings diled. meanwhile, cabdury is at its lowest price since kraft launched i just-under $17 llion dollar takeover offer. it's still fendingff potential bids from hershey and italia company fero. fil bids are expected within two w
WETA
Jan 8, 2010 6:30pm EST
amicans are happy or somhat happy with their 401k's. but washington policakers are not, and think reform is sti needed. does the nation's most impornt retirement savings oion need to be changed? darren gersh satown today with some of the indury's leaders and got some answers. >> i want start with you, jack brennan of vanguard. you mentioned that the 401(k) investors dn't panic over t st year, but w it -- does that mean that they werealm or kind of like a deer ithe head ligh and didn't know what to do? >>o, actually. theyere calm. they wercalm -- clearly with the big events. you knowwe see the web hits that picked up, but yodidn't need to lk people out of doing things that would have bn detrimentato their financial security. >> but did the industry fail them and n get them rdy for this stock market crash? >> i don't think so all. you know, 1(k) investors vested for 40 years. and if you look at today, well more than half of the 401(k) investors balanc are higher today than two years ago, so hard to describe athis a failure. >> i want to focusin on the ea that pple have to improve the 401
WETA
Jan 9, 2010 1:00am EST
are happy or somewt happy with their 401k's. but washington policymers are t, and think reform is still needed. es the nation's most importa retirement savings optn need to be changed? darren gersh sat dn today with some of the indust's leaders and got some answers. >> i want totart with you, ck brennan of vanguard. you mentioned that th 401(k) invests didn't panic over the last year, but was it -- does that mean that they re calm or kind of like a deer in the head ghts and didn't know what to do? >> no, actually. ey were calm. theyere calm -- clearly with the bi events. you ow, we see the web hits that picked up, buyou didn't needo talk people out of doing things that would ha been detrimtal to their financial security. >> but did the industry fai them a not get them ready for this stock market crash? >> i don't thinko at all. you kn, 401(k) investors invested for 40 years. and if you look attoday, well more tn half of the 40k) investors bances are higher today than two years ago, so hard to descri as this a failur >> i want to foc in on the idea that people have to improve the 401(k)
WETA
Jan 22, 2010 6:30pm EST
dhue, "nhtly business rept", washington. >> susie: not ly is ben bernanke underhe microscope, so is every top wall seet executive. e latest target is james rman--morgan stanley's new chief executive. thisvening, the company announced gorman earned $2.7 million in stocklast yr in adtion to an $800,000 salar so, is that tohigh, too low, orust right? it depends on who you ask. financl firms aurlgf they don't pa top dlar they'll lose t talent. erika miller asks the experts if that's true. >> reporter: paul luchia is a good man to ow for the scoop on walstreet skrobz. >> we ar what iould say the largest special svices nancial search firm on the world. we are in 15 offices arounthe world and are intitely daily plugged in to wall stree professionals. >> reporter: h firm, options grou is hired by financial firms to filpositions. that often means pching talent from their rivals. i asked him if limitinwall street compensatiocould result in a sious brain drain. >> i think supstars in the banking community have the opportunity to, in se sense, write their own ckets. and i think they will way
WETA
Jan 23, 2010 12:30am EST
dhue, ightly business rort", washington. >> susie: noonly is ben bernanke und the microscope, so is every top walltreet executive. the latest target is james gorman--morgan stanley's new chief executive. th evening, the company announced gorman earn $2.7 million in stock lastear in dition to an $800,000 saly. so, is that o high, too low, just right? it depends on who you ask. financial rms aurlg if they don't pay top dolla they'll lose top talent. erika mler asks the experts if that's true. >> reporter: paul deluia is a good man to knowfor the scoop on wall stet skrobz. >> we arehat i wou say the largest specialervices finaial search firm on the world. are in 15 offices around th world and are intimate daily plugged in to wall street professionals. >> reporter:is firm, options grp, is hired by financial firms to fl positions. that often meansoaching talent from their rivals. i asked him if limitg wall street compensatn could result in aerious brain drain. >> i think serstars in the banking community have t opportunity to, inome sense, write their owtickets. and i think they wilal
WETA
Jan 26, 2010 6:30pm EST
reduction more promis for the future. stephanie ue, "nightly business report,washington. >> tom: here are the stoes in tonight's n.b. newswheel. late-day selling pushes stoc into the red. e dow dropped three points, the nasdaq fell seven,nd the s&p 500 is offour points. the consumer remains othe comeback tra. the conference boa's index of consumer condence rose slight last month, nearing a reading of 56. that marks its higst level in morehan a year. by one msurement, home prices rose nationally for the xth straight month in nomber, with 14 of 20 b cities tracked shing increases. e s&p case shill home price index edged up 0.2%. meanwhile, homimprovement retailer home depot annocing layoffs toda it's cutting a thousanjobs nationwide-- mostlhuman resources positis-- and closing the pilot stores. late today we alsoearned that warren buffett head to the s&p 500, berkshire hathaway will replace burlington northern in the stock index after th deal to buy the railroad is cpleted. >> sus: weeep hearing about governnt efforts to help troubled borrowe stay inheir homes, but i sturns out mofying
WETA
Jan 27, 2010 6:30pm EST
go ahead. stepnie dhue, "nightly business rept", washington. >> susie: here are othertories our newswheel tonight. stocks pushed gher today on the fed's move to keep res stdy. the dow ro nearly 42 points, the nasdaqdded 17.5, and the s&p 500 tacked on five. a big drop in new home ses, and more than pected. down 7.6% in december, t second straight nthly decline. and oracle is openinup it's wall. now that its takeover of sun crosystems is finally a done deal, oracle has earmark $1.5 billion a year to velop new products at sun. >>om: steve jobs calls it his best invention yet. it's apple's new tablet comper, the ipad. uss can watch videos, surf the web, and read electronic bks. that's thankto a new app called ibook an electronic bostore that turns the ipad into a direct competor to amazon's kindle. the price r the basic model is $500; add more memory and 3g connectivi, the price jumps to as much as $829. joseph menn covers technogy r the financial times and he wain san francisco today for the veiling. >> for investors it's mostly found money. there'll be some cannilization of the i
WETA
Jan 28, 2010 12:30am EST
are expected to give hithe go ahead. sthanie dhue, "nightly business rort", washington. >> susie: here are oth stories our newswheel tonight. stocks pushehigher today on the fed's move to keepates eady. the dow se nearly 42 points, the nasd added 17.5, and the s&p 500 tacked on five a big drop in new homeales, and more thaexpected. down 7.6% in december,he second straighmonthly decline. and oracle is openg up it's waet. now that its takeover of s microsystems is finally a do deal, oracle has earmaed $1.5 billion a year tdevelop new products at sun. tom: steve jobs calls it hi best invention yet. it's apple's new tablet couter, the ipad. ers can watch videos, surf t web, and read electronicooks. that's thas to a new app called ibooks, aelectronic bookste that turns the ipad into a direct competitoro amazon's kindle. the price for e basic model is $500; add more memory and 3g connectity, the price jumps to as much as $829. joseph menn covers technolog for e financial times and he was inan francisco today for the unveing. >>or investors it's mostly found money. there'll be some cannibalition of t
WETA
Jan 28, 2010 6:30pm EST
busins port", washington. >> tom: here are the sries in tonight'"nbr newswheel". tech stocks led the y lower as poorutlooks from qualcomm and motola churned up new worries about the economy. the dow dropped 115 ints, the naaq down 42, and the s&p 500 off nearly3 points. all three arnow at new lows for the year. results from microsoft mayet the tone for torrow's trading. the ftware giant turning in strong fiscal second quart results with earnis up 60% on strong demand for winds 7. meanwhile, amazon.com in wh hu profits up 71% on robust holiday sales. thcompany sa it's upbeat abt its kindle e-reader, even with apple'spad launch. we'll ha more specifics on amazon and mrosoft in tonight'market focus. >> susie: mething different at ford, the automaker sayst made money last year. in fact, it's the first fu- year profit since 20. ford earned most $3 billion last yr, reversing a loss of morehan $14 billion in 2008. c.e.o.lan mulally expects the profit streato continue over the next two years, at least beforeaxes. driving profit sales of ford's popular fusion cs and a rnaround in its finance si
WETA
Jan 29, 2010 1:00am EST
busines rert", washington. >> tom: here are the stoes in tonight's br newswheel". tech stocks led the walower as poor olooks from qualcomm and motoro churned up new worries about the economy. the dow dropped 115 pots, the nasd down 42, and the s&p 500 off nearly 1points. all three are w at new lows for the year. results from microsoft may s the tone for tomrow's trading. e software giant turning in strong fiscal second qrter results th earningup 60% on strong demand for window7. meanwhile, amazon.com in wit hugerofits up 71% on robust liday sales. the company sayst's upbeat abouits kindle e-reader, even with apple's id launch. we'lhave more specifics on amazon a microsoft in tonit's market focus. >> sus: something different at ford, the automaker ys it made money last year. in fact, it's the firsfull- year profit sinc2005. ford eard almost $3 billion la year, reversing a loss of re than $14 billion in 2008. c.o. alan mulally expects the profit seak to continue over the next two years, at lst bere taxes. driving prits, sales of ford's popular fusi cars and a turnaround in its finan
PBS
Jan 26, 2010 7:00pm EST
. stephanie dhue, "nightly business report," washington. >> tom: here are the stories in tonight's n.b.r. newswheel. late-day selling pushes stocks into the red. the dow dropped three points, the nasdaq fell seven, and the s&p 500 is off four points. the consumer remains on the comeback trail. the conference board's index of consumer confidence rose slightly last month, nearing a reading of 56. that marks its highest level in more than a year. by one measurement, home prices rose nationally for the sixth straight month in november, with 14 of 20 big cities tracked showing increases. the s&p case shiller home price index edged up 0.2%. meanwhile, home improvement retailer home depot announcing layoffs today. it's cutting a thousand jobs nationwide-- mostly human resources positions-- and closing three pilot stores. late today we also learned that warren buffett headed to the s&p 500, berkshire hathaway will replace burlington northern in the stock index after the deal to buy the railroad is completed. >> susie: we keep hearing about government efforts to help troubled borrowers stay i
PBS
Jan 27, 2010 7:00pm EST
him the go ahead. stephanie dhue, "nightly business report", washington. >> susie: here are other stories our newswheel tonight. stocks pushed higher today on the fed's move to keep rates steady. the dow rose nearly 42 points, the nasdaq added 17.5, and the s&p 500 tacked on five. a big drop in new home sales, and more than expected. down 7.6% in december, the second straight monthly decline. and oracle is opening up it's wallet. now that its takeover of sun microsystems is finally a done deal, oracle has earmarked $1.5 billion a year to develop new products at sun. >> tom: steve jobs calls it his best invention yet. it's apple's new tablet computer, the ipad. users can watch videos, surf the web, and read electronic books. that's thanks to a new app called ibooks, an electronic bookstore that turns the ipad into a direct competitor to amazon's kindle. the price for the basic model is $500; add more memory and 3g connectivity, the price jumps to as much as $829. joseph menn covers technology for the financial times and he was in san francisco today for the unveiling. >> for invest
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